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  9. Q29

SSC CHSL 2023 · Question 29 of 92

Identify the true statement.

Economics

  1. AIf real GDP is 240 and price index is 120, nominal GDP is 200.
  2. BIf real GDP is 500 and price index is 200, nominal GDP is 250.
  3. CIf real GDP is 500 and price index is 200, nominal GDP is 700.
  4. DIf real GDP is 240 and price index is 120, nominal GDP is 288.Correct

Answer: D. If real GDP is 240 and price index is 120, nominal GDP is 288.

Explanation

The correct answer is If real GDP is 240 and price index is 120 , nominal GDP is 288. Key Points Nominal GDP:- It is calculated by multiplying the real GDP by the price index. The nominal GDP should be 288 (240 x 120/100).

Source: SSC CHSL 2023 (Tier-I) Previous Year Paper (07-Aug-2023) (Shift 2) — prepp.in · reliable-secondary

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